Fed’s Rate Cut Welcomed, But Future Policy Must Stay Aggressive
The Federal Reserve’s decision to slash interest rates by 50 basis points—its first cut in four years—has been welcomed by investors and market participants. However, Nigel Green, CEO of deVere Group, comments that the Fed “must not now lose its nerve” and needs to remain aggressive. He says: “This larger-than-expected cut is an encouraging step […] Follow on Twitter @DubaiChronicle
The Federal Reserve’s decision to slash interest rates by 50 basis points—its first cut in four years—has been welcomed by investors and market participants. However, Nigel Green, CEO of deVere Group, comments that the Fed “must not now lose its nerve” and needs to remain aggressive. He says: “This larger-than-expected cut is an encouraging step […]
Follow on Twitter @DubaiChronicle
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